5 Useful Resources for UK Tax Professionals
Every year tax laws change, even by a minute amount, and tax professionals must keep up with those changes. If they lag behind, they can end up putting their clients at risk, simply by not realising even the smallest changes. In order for tax professionals to stay on top of their game, and to be able to find information they may potentially need at a moment’s notice, these five useful websites can help.
TaxationWeb.co.uk – Taxation Web has a wealth of information geared toward tax professionals, and is known as the UK’s largest independent tax website. Tax professionals can find tax tips, resources including tax jobs, books, a tax magazine and even a newsletter. Visitors to the site will find a forum where professionals may speak to each other on various topics from general to property taxes and everything in between.
Chartered Institute of Taxation – The Chartered Institute of Taxation is a professional organisation within the UK to help advisors who deal with all areas of taxation. This not-for-profit organisation promotes education and aims to achieve an efficient and less complex tax system for everyone. The institute mainly provides information to its members, but does provide information to lower income individuals through its Low Incomes Tax Reform Group. Anyone joining this group is held to the high standards of the website and is a chartered tax advisor within the UK.
HM Revenue and Customs – HM Revenue and Customs offers a wealth of information, plus tools for both professionals and the public alike. The website offers information on Capital Gains tax, tax forms, tax credit information, income tax information, VAT and corporation tax, import and export and pension information, plus much more. For professionals, there is no better website to keep updated on the newest changes to tax law for both personal taxes and business.
GOV.UK – Gov.UK offers plenty of information for the general public and tax professionals. The website is divided into sections such as, court claims and bankruptcy, income tax, inheritance tax, national insurance, self-assessment and VAT. The website also offers information on businesses and self-employment, benefits and much more. Since this is a government website, professionals will receive the most updated information on tax laws in several sectors.
UK Taxation Directory – The UK Taxation Directory is a completely independent catalogue of Internet websites that can provide information and materials for tax professionals. The website includes up-to-date listings of government websites, professional bodies, professional organisations, software, publishers and more.